Cryptocurrency mining has become a hot topic of conversation in the last two years due to its lucrative nature and the impact the industry has on the environment.
The emergence of Web3 and the increased presence of Internet of Things (IoT) devices has given rise to a new class of low-cost mining protocols with low-power network technology. Among them are LPWAN or LoRaWAN, which are designed to transmit low-bit-rate data over long distances.
One such protocol that has been gaining traction in recent months is MXC, a Web3 infrastructure protocol designed to provide geolocation-based LPWAN coverage to IoT devices around the world.
Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $0.046 on Jan. 1, MXC price has seen a 200% rally to hit a new all-time high of $0.139 on Jan. 19.
Three factors contributing to the momentum of MXC are the earning power of MXC miners, who can mine multiple cryptocurrencies simultaneously, the introduction of one-week shipping of new mining devices, and an expanding global ecosystem of mining partners and nodes. Independent mining.
Diversity of mining could be an advantage
The IoT mining industry has seen many new entrants establish themselves in recent years with projects like Helium (HNT) and Nitro Network (NCASH) offering LoRaWAN-based networks that transfer data in exchange for native HNT tokens. and NCASH.
MXC has chosen a different route that uses a Low Power Wide Area Network (LPWAN) to provide coverage for IoT devices that can also mine multiple cryptocurrencies including Bitcoin (BTC), MXC and DataHighway (DHX) simultaneously.
The MXC network uses its MatchX M2 Pro LPWAN miner, which is available for purchase on its website at a price of €2,499 or on Amazon at a price of $3,299, along with the DataDash app, which allows users to manage their miners and rewards.
As for devices capable of mining Bitcoin, the M2 Pro miner requires 5 watts of power compared to 3,250 watts for the Bitmain “Antminer S19 Pro”. This makes M2 more suitable for individuals who do not have a lot of funds to invest in a sizeable mining operation.
According to a user report, M2 Pro miners have been earning $8 to $10 per day and he estimates that it will take a total of 8 months to recover the original investment.
Easy access to M2 Pro
Another reason for the MXC push has been the introduction of one-week shipping for new M2 Pro orders.
Shipping Announcement
Shipping your M2 Pro takes only 7 days!
Applies for everyone on the globe
Get your M2 Pro here: https://t.co/8WiTQWqxi2 pic.twitter.com/oArEmi65AV
— MatchX (@matchx_iot) January 19, 2022
For LPWAN networks, achieving wide coverage is key to the overall health and long-term viability of the network. Having an easy way for interested parties to obtain mining equipment helps increase the pace of growth.
Delays in miner submissions have been an issue for other networks, including Helium, leading to hard feelings and some cancellations as users lament the loss of mining time and funds that could have been put to better use. productive elsewhere.
Thanks to stakeholder access to the M2 Pro, the MXC network has now reached 18,186 nodes worldwide.
New partners and launch of F-NFT
In addition to an expanding network, MXC has new partner projects joining its network and there are plans to integrate “non-fungible functional tokens” or F-NFTs.
The protocol has partnered with Matcha and the team is currently in talks with exchange Huobi to create promotional offers for international users.
MXC has also revealed a new partnership with Random Network, which will provide the community with a control panel for the data that MXC distributes from its global network of M2 Pro miners.
MXC is launching Functional #NFTs, also known as F-NFTs!
These will change how we grow the global #DataRepublic, enhancing the use of the network + viewable directly on the DataDash app.
More here: https://t.co/BxRoZgUVMF pic.twitter.com/k0eIBBLQMD
— MXC Foundation (@MXCfoundation) January 13, 2022
In addition to collaborating with other entities, MXC recently unveiled plans to release F-NFTs in an effort to bring “hardware into the metaverse” and expand the “MXC Data Republic” community and functionality.
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